Blue Cross Blue Shield to pay $2.67 billion settlement. Who will see a check?
KCRG • • business
Key Points:
- Blue Cross Blue Shield has begun distributing settlement payments from a $2.67 billion class action lawsuit alleging antitrust violations that limited market competition and increased premiums.
- The lawsuit, filed in 2013 against over 35 Blue Cross Blue Shield plans, claimed these practices reduced options and raised costs for customers.
- Approximately 6 million claims were filed by the November 5, 2021 deadline, with payments expected to average around $333 per claim.
- Although Blue Cross Blue Shield denied the allegations and no final court verdict was reached, the case was settled in 2020.
- Initial payment distributions started this month, with claim notices already mailed to eligible customers.
